Member Info for CF73

When it comes to shifting Placing shares, MMs do that in many ways. One of those is to raise the SP and allow buying under the mid-price, with them then showing as sells. Folks doing the buying think they getting a bargain. Many of the sells were buys, and still well above the 5.14p subscription price.

There is a strong sense of confidence with the last two RNSs (i.e. the Fundraise RNS and today's update on the extension with PowerChina). The energy park approach is bound to appeal to Hasina, with the solar thrown in to sweeten the project (i.e. climate/ environment).

There is a narrow window of opportunity for China to fund these projects and Bangla will need the Funds. Bangla can play hard to get but when that window starts narrowing - as it is already - the games have to stop.

I did say the fundraise had a sense of purpose and confidence about it.

Bar a small percentage of the power output, most of it what generates is aready accounted for (70% + goes to South Africa some to neighbouring countries etc. Then what is left, for Moz)

All this info is easy to find, if you want to find it.

The dam is no threat to NCCL. Indeed, the dam is affected drought and storms.

Current SP is a result of Placing Shares being sold over last few days closer to Fundraising price, which they can afford to do after making c.15% on the original price. Placing Selling to move the stock on, market mechanics etc nowt to do with fundamentals.

That will be the case Moonhead. Am guessing those trades are some of the Placing shares being bought at under mid-price. Is a way of encouraging buying when there are some spare shares going.

Really does feel like the fundraise was done with a sense of purpose and confidence.

Bangla cannot wait much longer and China has a window of opportunity to get these projects to advanced stages and up and running. I think China will slow down these programmes (funding for coal etc) post c.2025. China will therefore push and Banagla will know it needs to get on with it, if it wants access to Chinese funding.

FWIW, DYOR, as always.

There is market appetite again for GCM stock!

Interesting also, some stragne trade info appearing this morning. Large trades reported late, this morning, from around 14:00hrs yesterday and a YT trade also.

Following the recent fundraise, some rather excellent volume and churn.

Really does signal that the fundraise is expected precede news of progress.

There's some Placing shares being forward sold, am guessing.

Is clear people looking in and watching...

This is the month. Many LTHs quietly confident.

Good point about the last paragraph in the RNS, lovely. Thought I would post here:

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'Datuk Michael Tang, CEO of GCM, commented : "I am pleased that we are able to announce this successful fundraising, with new & existing investors, to provide funds for our development over the next year. I look forward to providing further updates in due course in relation to progress with the Phulbari Coal and Power Project"
https://uk.advfn.com/stock-market/london/gcm-resources-GCM/share-news/GCM-Resources-PLC-Placing-and-Subscription-to-rais/87438671

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Yes, does sound like the could be some news lined up. May well be the fundraise arranged with that in mind. Secure progress in tandem with the raise; do Placing but especially a Subscription for existing trusted signfiicant LTHs; drop the news, and Polo et al come out well up and well chuffed. Easy when you know how ;-)

All in my humble opinion and DYOR!

You are in the right for wanting more info. I know how it feels living off the scraps of background news items, general speculation, and the proverbial joining of the dots (combined with occasional references to logic).

If anything, current world issues point to how energy security is fundamental. Bangladesh cannot rely on imported coal as a) costly, and b) for security/ certainty of supply.

Cannot believe Hasina has been able to duck the issue all this time. But, as have said elsewhere, the window is narrowing on B'desh leader; and the fundraise seems to have a timely sense of purpose and confidence about it.

Anyway, am back in and will be adding further.

Agreed ManuDave.

GCM LTHs are the most battered and bruised LTHs on AIM. I think there is news of progress on the horizon.

I think GCM and China will be looking to make very specific progress from here - the fundraise covering not just operating costs but designed to make critical inroads on project development. The Subscription is particularly interesting, as implicit in this/ any subscription is that these new and existing holders expect to hold on to their shares for at least a little while (unlike with a Placing). That including Polo is telling. They got to be confident of progress.

Dilution is short term. They are funded for long enough period now to get stuck into the work at hand, with both general company operating costs and project development costs now covered.

Knew it as on the way, but didn't expect it so soon. Anyway, am back in and will be adding over the coming weeks and months.

...well at least, now they funded...

Between the time I held/ sold and now, feels like an eternity in itself. Don't know how the LTHs have held. I see some of the ultra LTHs here, who remain commited and extremely knowledgeable.

The entire future development of Bangla depends on that coal. It will be dug up and it will get used at Phulbari. Genuinely believe we're approaching that critical point, where Hasina has increasingly reduced choice in the matter.

Am holding again and will be adding.

Bangla cannot run from the issue forever. Denying realities can only go on for so long before the implications catches up with respective folks. And it will and is with Hasina aod GoB.

I held for years. Not an issue for me to admit that I finally sold up at a significant loss. In the years I held, found myself and the many other LTHs becoem fairly expert on politics and economics of the country. I'm kind of that lke that with Mozambique and NCCL.

China's recent announcements around coal have been muddled, but in the end, projects like this are crucial to their Belt and Road Initiative, which in turn is central in the domestc context. This recent article (from only 29th Jan, 2022,) is an eye opener as to the crucial nature of projects like Phulbari to China. And at a proposd 6000MW, just cannot see how China can turn down/ not push for go ahead of the project:

https://thediplomat.com/2022/01/chinas-domestic-politics-are-driving-the-belt-and-road-initiative/

'China’s Domestic Politics Are Driving the Belt and Road Initiative'

'The geopolitical effects of the BRI are incidental; its driving force is found in domestic political imperatives.'

[etc.]

The window for Hasina/ Bangladesh Government is narrowing and will ultimately force them (with a strong nudge from China) to run wth Phulbari.